All Master trusts articles – Page 5
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NewsFifth of businesses are interested in CDC schemes
On the go: More than a fifth of businesses are interested in setting up a collective defined contribution scheme for their employees, according to new research from the Association of Consulting Actuaries.
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NewsUSS points members to LifeSight master trust for drawdown services
On the go: The trustee of Universities Superannuation Scheme has decided to signpost its members to LifeSight – Willis Towers Watson’s defined contribution master trust – for drawdown provision.
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NewsLifeSight invests in climate fund, guide for stewardship launched
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including LifeSight’s investment in a climate transition fund, a stewardship reporting guide launched by consultants, and The People’s Pension’s climate pledge.
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NewsDWP proposes fraud compensation levy increase for all pension schemes
The Department for Work and Pensions is consulting on changes to the fraud compensation levy, which will see pension schemes pay more than double the current fee as pension scam claims rise.
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NewsDB master trust self-certification regime launched
On the go: A self-certification regime for defined benefit master trusts was launched on Wednesday that will provide “useful information” for trustees considering a move to such schemes.
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NewsBudget 2021: Sunak announces further changes to DC charge cap
Chancellor of the exchequer Rishi Sunak announced on Wednesday that the government will consult “within the next month” on further changes to the charge cap intended to encourage more investment in illiquid assets by defined contribution schemes. But experts have said this is “missing the point”.
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NewsSchemes enable more CO2 than entire UK carbon footprint
ESG spotlight:A roundup of the latest news on environmental, social and governance initiatives, including analysis showing the UK’s pensions market would be in the top 20 global carbon emitters if it was a country, and a study concluding that less than 1 per cent of fund assets are Paris-aligned.
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NewsCushon launches new private markets investment strategy
On the go: Master trust Cushon has launched a new investment strategy that will see a 15 per cent allocation to private markets, in an attempt to “reduce investment risk”.
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NewsSEI acquires Atlas Master Trust
On the go: Wealth management company SEI has announced the acquisition of Capita’s defined contribution master trust Atlas, subject to regulatory approval.
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NewsNest invests in UK solar farm
On the go: Master trust Nest has acquired a solar farm in Reading through its partnership with Octopus Renewables, meaning that one in three of the UK’s workforce is invested in the site.
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NewsPLSA publishes ESG case studies, TPP excludes 150 companies
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of practical case studies to help schemes achieve climate goals, and The People’s Pension divesting £226m from companies that failed to meet standards.
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NewsOpperman lauds ‘transformational’ climate requirements
Pensions minister Guy Opperman has lauded the government’s “utterly transformational” approach to climate reporting requirements, while promising legislation on “simpler statements” and the “statements season” in the near future.
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News‘Stronger nudge’ still possible, but cost benefits need to be understood
On the go: A stronger guidance nudge may be needed to increase the number of savers using the Pension Wise service, but it may not be enough to drive a significant uptake or deliver the right kind of engagement, the Pensions and Lifetime Savings Association’s annual conference has heard.
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NewsDWS Group acquires minority stake in Smart
On the go: Asset manager DWS Group has acquired a minority stake in Smart, the platform provider behind master trust Smart Pension.
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NewsUber partners with Now Pensions to provide scheme for drivers
On the go: Ride-hailing app Uber is to start rolling out a pension scheme to eligible drivers in the UK and has invited its competitors to create a cross-industry scheme.
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PodcastsPodcast: No way to avoid the indexation ‘rules lottery’ as inflation bites
Podcast: High inflation will spur more schemes to look to switch from the retail price index to the consumer price index, but there is still no way around the “rules lottery”. Eversheds Sutherland partner Stuart Earle and Aon partner Lynda Whitney discuss inflation, the botched attempt to raise the normal minimum pension age, and a new value for money framework.
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NewsDC market proves resilient during pandemic but challenges remain
A continuation of positive trends alongside the benefits of auto-enrolment has shaped the defined contribution pensions space over the past year, but complications surrounding the Covid-19 pandemic have brought the need to mitigate future risks to the fore.
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OpinionThe future of DC schemes: Go big and go green
Independent Trustee Services client director Dianne Day details the drivers behind consolidation in the defined contribution market, and the role environmental, social and governance investing is playing in this area.
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NewsDraft CDC regulations hampered by poor definitions, industry warns
The government’s consultation into draft regulations governing collective defined contribution schemes requires more work on definitions if these pension funds are to be properly implemented, with the Pensions and Lifetime Savings Association warning it could create a “back door” for unscrupulous employers.
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NewsNest to invest 5% of assets in private equity
On the go: The government-backed master trust Nest plans to allocate 5 per cent of its total assets to private equity, which is estimated to be worth £1.5bn by the end of 2024.